BRAVERIMMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BRAVERIMMO
Largest movements
- Receivables within one year -€123,312
down €123,312 (-8.3%), from €1.5m to €1.4m
of which Other amounts receivable: -€125,705
- Debts after one year -€227,564
down €227,564 (-31.8%), from €715,080 to €487,516
of which Financial debts: -€226,680
- Other debts +€76,108
up €76,108 (+366.8%), from €20,750 to €96,858
- Current portion of long-term debt +€50,632
up €50,632 (+24.8%), from €203,753 to €254,385
- Provisions -€35,000
down €35,000 (-11.6%), from €300,555 to €265,555
- Provisions -€147,355
down €147,355, from €112,355 to -€35,000
- Other operating charges +€89,447
up €89,447 (+158.4%), from €56,459 to €145,906
- Gross operating margin -€71,685
down €71,685 (-29.7%), from €241,259 to €169,573
- Financial charges -€24,143
down €24,143 (-42.3%), from €57,025 to €32,882
of which Financial charges: -€23,743
- Depreciation -€10,912
down €10,912 (-83.6%), from €13,060 to €2,148
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,784,025 | €2,665,996 | -€118,029 | -4.2% |
| Fixed assets | 21/28 | €1,301,207 | €1,303,936 | +€2,729 | +0.2% |
| Tangible fixed assets | 22/27 | €360,140 | €360,369 | +€229 | +0.1% |
| Land and buildings | 22 | €360,140 | €360,369 | +€229 | +0.1% |
| Financial fixed assets | 28 | €941,067 | €943,567 | +€2,500 | +0.3% |
| Current assets | 29/58 | €1,482,817 | €1,362,060 | -€120,757 | -8.1% |
| Amounts receivable within one year | 40/41 | €1,482,638 | €1,359,326 | -€123,312 | -8.3% |
| Trade receivables | 40 | €28 | €2,421 | +€2,393 | +8614.1% |
| Other amounts receivable | 41 | €1,482,610 | €1,356,905 | -€125,705 | -8.5% |
| Cash at bank and in hand | 54/58 | €179 | €2,734 | +€2,555 | +1426.4% |
| Total equity and liabilities | 10/49 | €2,784,025 | €2,665,996 | -€118,029 | -4.2% |
| Equity | 10/15 | €1,392,562 | €1,408,839 | +€16,278 | +1.2% |
| Contributions | 10/11 | €826,052 | €826,052 | = | 0.0% |
| Capital | 10 | €826,052 | €826,052 | = | 0.0% |
| Issued capital | 100 | €826,052 | €826,052 | = | 0.0% |
| Reserves | 13 | €566,510 | €582,787 | +€16,278 | +2.9% |
| Non-distributable reserves | 130/1 | €83,000 | €83,000 | = | 0.0% |
| Legal reserve | 130 | €83,000 | €83,000 | = | 0.0% |
| Distributable reserves | 133 | €483,510 | €499,787 | +€16,278 | +3.4% |
| Provisions and deferred taxes | 16 | €300,555 | €265,555 | -€35,000 | -11.6% |
| Provisions for liabilities and charges | 160/5 | €300,555 | €265,555 | -€35,000 | -11.6% |
| Major repairs and maintenance | 162 | €300,555 | €265,555 | -€35,000 | -11.6% |
| Amounts payable | 17/49 | €1,090,908 | €991,602 | -€99,306 | -9.1% |
| Amounts payable after more than one year | 17 | €715,080 | €487,516 | -€227,564 | -31.8% |
| Financial debts | 170/4 | €714,196 | €487,516 | -€226,680 | -31.7% |
| Other amounts payable | 178/9 | €884 | - | -€884 | |
| Amounts payable within one year | 42/48 | €375,828 | €504,085 | +€128,258 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €203,753 | €254,385 | +€50,632 | +24.8% |
| Trade debts | 44 | €144,691 | €143,801 | -€890 | -0.6% |
| Suppliers | 440/4 | €144,691 | €143,801 | -€890 | -0.6% |
| Taxes, remuneration and social security | 45 | €6,634 | €9,041 | +€2,407 | +36.3% |
| Taxes | 450/3 | €6,634 | €9,041 | +€2,407 | +36.3% |
| Other amounts payable | 47/48 | €20,750 | €96,858 | +€76,108 | +366.8% |
| Non-recurring operating income | 76A | €1,972 | - | -€1,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,060 | €2,148 | -€10,912 | -83.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €112,355 | -€35,000 | -€147,355 | |
| Other operating charges | 640/8 | €56,459 | €145,906 | +€89,447 | +158.4% |
| Non-recurring operating charges | 66A | €83 | €1,972 | +€1,890 | +2290.6% |
| Gross operating margin | 9900 | €241,259 | €169,573 | -€71,685 | -29.7% |
| Operating profit (loss) | 9901 | €59,302 | €54,547 | -€4,756 | -8.0% |
| Financial income | 75/76B | €1,447 | €710 | -€737 | -50.9% |
| Recurring financial income | 75 | €1,447 | €710 | -€737 | -50.9% |
| Financial charges | 65/66B | €57,025 | €32,882 | -€24,143 | -42.3% |
| Recurring financial charges | 65 | €56,625 | €32,882 | -€23,743 | -41.9% |
| Non-recurring financial charges | 66B | €400 | - | -€400 | |
| Profit (loss) for the period before taxes | 9903 | €3,724 | €22,375 | +€18,651 | +500.8% |
| Income taxes | 67/77 | €1,004 | €6,097 | +€5,093 | +507.3% |
| Profit (loss) for the period | 9904 | €2,720 | €16,278 | +€13,558 | +498.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,720 | €16,278 | +€13,558 | +498.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.